Auddia (NASDAQ:AUUD) Trading Down 7.3% – Time to Sell?

Auddia Inc. (NASDAQ:AUUD) shares traded down 7.3% on Monday . The company traded as low as $1.01 and last traded at $1.02. 59,061 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 71,818 shares. The stock had previously closed at $1.10.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Auddia in a research note on Monday, December 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Auddia Stock Performance

The firm has a market cap of $3.16 million, a PE ratio of -0.04 and a beta of 1.02. The company’s 50-day simple moving average is $1.33 and its two-hundred day simple moving average is $2.73.

Institutional Investors Weigh In On Auddia

A hedge fund recently bought a new stake in Auddia stock. Virtu Financial LLC bought a new stake in shares of Auddia Inc. (NASDAQ:AUUD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,316 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned 1.33% of Auddia as of its most recent filing with the Securities and Exchange Commission (SEC).

About Auddia

Auddia Inc, a technology company, develops AI Platform for the audio and podcast markets. The company's flagship product is faidr, which enables consumers to listen to various AM/FM radio station with commercial breaks replaced with personalized audio content, including popular and new music, news, and weather.